Question 10 Write notes on:
(a) Minimum support price
(b) Buffer stock
(c) Issue price
(d) Fair-price shops
Class 9 - Social science - Food Security in India Page 53
Answers
a) Minimum support price:
Wheat and rice is bought from the farmers at the pre announced prices by the Food Corporation of India ( FCI). Such price is called Minimum support price.
b) Buffer stock:
It is a stock of food grains obtained through the Food Corporation of India (FCI) mainly wheat and rice by the government. The main objective of buffer stock is to distribute food grains in deficit areas and among the poor families of society.
c) Issue price:
The price lower than the market price at which the food grains are distributed in the areas facing shortage and among the poor section of the society is known as issue price.
d) Fair price shops:
Fair price shops are the ration shops that stock food grains, sugar and kerosene oil and sell the same on prices lower than the market price. Fair price shops have been opened by the government.
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Answer:
Minimum Support Price (MSP).
The price declared by the government every year before sowing season, at which grains are procured by the government agencies from the farmers is known as minimum support price. It provides incentives to farmers to increase their production.
(b) Buffer Stock.
The surplus stock of foodgrains, namely wheat and rice, procured and stored by FCI is known as buffer stock. It is distributed in the deficit areas and among needy people.
(c) Issue Price.
The price at which foodgrains are issued by the government to deficit areas is known as Issue Price. This price is lesser than market price.
(d) Fair Price Shop.
Fair price shop is a government sponsored outlet to supply essential items at subsidised rates when they are in shortage. Mother Dairy and super bazars are also fair price shops.